Wolters Kluwer acquires London-based tech startup Della AI to shore up its Legal & Regulatory software unit
With just one day left in 2022, Madrid-based Wolters Kluwer is ending the year with a bang. Today, Wolters Kluwer Legal & Regulatory, the global provider of information services, legal solutions, and consulting for companies, announced it has acquired Della AI, bringing the four-year-old startup into the company’s Legal Software unit. The total amount of the deal was not disclosed.
The London-based Della AI is a provider of leading artificial intelligence (AI) technology based on advanced natural language processing (NLP). This technology allows legal professionals to review contracts in multiple languages by simply asking questions.
As part of the acquisition agreement, Della AI will become part of the Legal Software unit of Wolters Kluwer Legal & Regulatory, which offers market-leading LegalTech solutions such as Legisway, all-in-one software for corporate legal departments, and Kleos, cloud-based legal practice management software for law firms.
In a statement, Giulietta Lemmi, CEO of Wolters Kluwer Legal & Regulatory Legal Software, said: “By integrating the expertise and know-how of Della AI into Wolters Kluwer Legal & Regulatory, we are further enhancing the value we deliver to our customers, by investing in the continuous development of this key technology and the people behind it. Today, our customers already acknowledge the value of Legisway in all their legal activities. Together with Della AI, we will further enhance our customers’ experience and secure a leading position for Wolters Kluwer in the corporate legal market.”
Christophe Frèrebeau, Della AI’s founder and CEO, adds: “We are extremely proud to be joining the Wolters Kluwer family. Wolters Kluwer recognizes Della AI’s potential for its customers. Della AI was built to make finding, analyzing, and extracting data from contracts simpler and faster through AI, and we are excited to leverage our expertise to help make Legisway even smarter. Becoming part of Wolters Kluwer will provide great opportunities for our customers and partners.”
Della AI was founded in 2018 by Christophe Frerebeau, Hugo Seymour, and Nicolas Chauville. The startup has offices in London and Paris and employs 16 professionals. Wolters Kluwer expects the investment to deliver a return on invested capital (ROIC) above its weighted cost of capital (8%) within 3-5 years and expects the transaction to have an immaterial impact on adjusted earnings.
Founded in 1836 and headquartered in Alphen aan den Rijn, the Netherlands, Wolters Kluwer is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk, and compliance; and legal and regulatory sectors.
Wolters Kluwer enables customers to make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. The company serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,000 people worldwide. Wolters Kluwer reported 2021 annual revenues of €4.8 billion.